Exor N.V. (BIT:EXO) made an offer to acquire additional 41.43% stake in GEDI Gruppo Editoriale S.p.A for €96.9 million on December 2, 2019. The offer per share is €0.46 per share. As part of the acquisition, Exor N.V. will acquire 210.8 million shares of GEDI Gruppo Editoriale. In a related transaction Exor N.V. (BIT:EXO) signed an agreement to acquire additional 43.78% stake in GEDI Gruppo Editoriale S.p.A. (BIT:GEDI) from Compagnie Industriali Riunite S.p.A. (BIT:CIR) for approximately €100 million on December 2, 2019. The tender offer will be launched after Exor N.V. (BIT:EXO) acquires 50.04% stake in GEDI Gruppo Editoriale. Squeeze-out Right will be exercised by the Offeror as soon as possible after completion. The period of acceptance of the offer will have a duration of a minimum of fifteen and a maximum of twenty-five trading days. The offer will be launched from June 3, 2020 to June 30, 2020. As of May 25, 2020, the offer has approved by the board of directors of GEDI Gruppo Editoriale. Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) and Banca IMI S.p.A. acted as financial advisor and Pedersoli e Associati acted as legal advisor to Exor in the transaction.

Exor N.V. (BIT:EXO) completed the acquisition of an additional 41.43% stake in GEDI Gruppo Editoriale S.p.A on July 1, 2020. GEDI Gruppo will be delisted post this transaction.